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Böhm-Bawerk and Entrepreneurship

November 6, 2014 in Economics

By Ryan McMaken

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Murray Rothbard always maintained that Eugen von Böhm-Bawerk, the teacher of Ludwig von Mises, was one of the greatest economists who ever lived.  And Böhm-Bawerk‘s influence on Rothbard’s great treatise, Man, Economy and State was pervasive.  Yet Böhm-Bawerk has never gotten his due, even from modern Austrian economists.  Indeed prominent Austrians have referred to Böhm-Bawerk as  a “Ricardian capital theorist” and to his project in capital theory as pointing toward  ”incomplete subjectivism.”  Now Matt McCaffrey and Joe Salerno set the record straight in their article “Böhm-Bawerk’s Approach to Entrepreneurship” just published in the Journal of the History of Economic Thought

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Source: MISES INSTITUTE

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